Asian stocks mostly up after near-record US stock rally

MT HANNACH
3 Min Read
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Hong Kong (AP) – Asian actions were mainly up on the back of an almost record rally on American stocks on the back of a rally on Friday, while investors have paid little attention to US President Donald Trump Latest price threats.

The Hong Kong Hang Seng index jumped from 3.14% to 22,499.72, while Shanghai’s composite was up 0.43% to 3,346.72. The Nikkei 225 slipped 0.79% to 39,149.43. Meanwhile, the S&P / ASX 200 in Australia increased by 0.19% to 8,555.80 and Kospi in South Korea increased by 0.31% to 2,591.05.

“There are a lot of rear winds for risks feelings in the region, with the positive transfer to Wall Street, a lower US dollar and lower treasure yields,” wrote Yeap Jun Rong, a market strategist at IG , in a note.

“However, Nikkei in Japan has been late, probably under pressure by a stronger yen,” he said.

Chinese technology actions listed on the Hong Kong Stock Exchange all won on Friday, with actions from the Tencent Video Gaming Company, the Alibaba Electronic Commerce Company and the Meituan online service company up more than 5%.

Chinese technological companies have benefited from renewed interest since the Chinese IA company In depth has published an artificial intelligence model that competes with those of Openai while being trained on cheaper equipment. Societies like Alibaba have also published new iterations of their own AI models, and the firm of search engines Baidu said on Friday that it would put its Ai Ernie Bot Ai cat for free.

“With Beijing Dubbing on AI as a national priority, investors rush to reproduce China’s technology and innovation potential. It is no longer just a rebound motivated by the stimulus – it is a paradigm shift, “said Stephen Innes, managing partner at SPI ASSET Management.

“If Momentum holds, the Hang Seng index could finally get out of its multi -year collapse, reviving the world appetite for Chinese actions.”

Thursday, the S&P 500 climbed 1% Pull less than 0.1% of its top of all time set last month. The industrial average of Dow Jones won 342 points, or 0.8%, and the Nasdaq composite jumped 1.5%.

American actions have increased after Washington officials said the reciprocal rates have time to implement.

In energy trading, the US Benchmark crude added 14 cents at $ 71.43 per barrel. Brent Crude, The International Standard, increased from 37 cents to $ 75.39 per barrel.

In the currency trade, the US dollar weakened at 152.57 Japanese yen from 152.82 yen. The euro cost $ 1,0459, remaining largely unchanged.

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The commercial writer AP Stan Choe in New York contributed.

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